What We're Reading

cp (1)


Rails, Keystone And Cheap Gas

1291117?profile=RESIZE_320x320Rails are having a difficult time nowadays.  You can point a finger at lower gasoline prices, making shipment by tanker and truck more affordable but I believe you can also point a finger at the GOP and their desire to pass the Kochstone Keystone XL pipeline proposal.

It is what it is; bearish. 

Although CP shown here (click chart to enlarge) has not 'broken down' out of a bearish descending triangle, the lower swing high and high volume selling is evident.

I am already short but if it comes back to test upper resistance, you too can get short or purchase puts.  Risk and target shown.  Long live cheap gas.

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